One year after his inauguration, Trump is today revealing his true agenda in Davos. Yesterday, Lutnick already indicated the direction this is heading. The strategy is to bring everything back to the United States—away from offshoring and globalization—while framing it as being “for the American worker.” This is only feasible because of artificial intelligence and robotics, and they will aim to automate faster than anyone else. Trump’s tariffs are the new consumption taxes, because people will no longer earn enough for income tax to remain a viable source of government revenue. A possible third element is the shift toward cryptocurrencies instead of traditional banks, since the enormous national debt would otherwise cripple the United States. Through stablecoins and crypto, this debt could be internationalized and effectively shifted onto others.

Trump's tariffs are the future. Taxing consumption (here consumption of foreign goods), instead of income. Countries will not be able to gain enough by taxing income,, because a big part of society will stop earning income due to AI taking their jobs. Those who consume should pay. Those who built wealth (e.g. by investing) and spend less, should be left alone. Isn't that compatible with Bitcoins long time horizon too?